Auction news
NOOSA AUCTION SHOWDOWN
BY CASSANDRA GLOVER
At what was possibly one of the most controversial auctions in Ray White history , a 40ha beachfront site on Noosa ’ s north shore was snapped up for a whopping $ 16.2 million .
Located at 337 Teewah Beach Road , the property was owned by developer Michael Malouf and his wife , Sass & Bide co-founder Heidi Middleton , as well as the Cameron family before a dispute led to a Supreme Court ordered sale .
The beachfront site was marketed by RWC Special Projects agents Mark Creevey and Tony Williams , in conjunction with RWC Noosa and Sunshine Coast agents Paul Butler and Paul Forrest .
“ We had a lot of interest in the lead up to the auction , including interstate interest and offshore interest ,” Tony said .
“ Bidding started at $ 4 million and was called on the market at $ 7 million before skyrocketing to $ 16.2 million with heated bidding .”
The winning bid was cast by Michael Malouf and Heidi Middleton with the Camerons as the underbidders .
GOLD COAST SHINES
BY SHANNON COOK
Twenty six of our offices on the Gold Coast came together for a mega auction experience , offering more than 100 properties for sale .
The Gold Coast Auction Experience was one of the largest seen in south-east Queensland and included properties from across the spectrum , with family homes , units and development blocks ranging from Coomera to Coolangatta going under the hammer .
Collectively , the 26 offices recorded more than $ 57 million in sales with 232 registered bidders either attending or tuning in online , and 174 actively bidding . At the end of the day , the auction clearance rate stood at 73 per cent of the 101 lots . The auction extravaganza also attracted nearly 1,500 online viewers all eager to take the pulse of the Gold Coast ’ s hot property market .
Ray White Queensland chief auctioneer Gavin Croft said the day ’ s success gave confidence to those looking to sell on the Gold Coast .
" The day was wonderful . To have the Gold Coast offices come together and work in such a collaborative fashion was most impressive ,” Gavin said .
“ Not only were the results amazing , in excess of 1,500 people joined us online and more than 350 people joined us over the course of the day .
“ We had a real mix of buyers attending , with both apartments and family homes selling strongly .”
OFFICES INVOLVED :
Ray White Burleigh Group Ray White Tugun | Elanora Ray White Coomera | Upper Coomera | Pimpama Ray White NCO Group ( Nerang | Canungra | Oxenford ) Ray White Surfers Paradise Group Ray White Robina Ray White Sanctuary Cove Ray White Rural Tamborine Mountain